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Finance presentation: district reviews long‑range reserve plan and flags May capital proposition
Summary
Acting clerk and assistant superintendent presented a long‑range reserves document showing current reserve balances, an increased accrued liability under GASB 101, and a planned May voter proposition for a $12.5 million capital authorization (tax‑neutral), with formal adoption of the reserve plan scheduled for Dec. 9.
Laura Buzinski, the acting clerk and assistant superintendent, presented the district’s long‑range reserve plan as a working document and reviewed reserve categories, balances and constraints. She said the ERS reserve balance is just over $1,000,000 and the TRS subfund balance is approximately $1.7 million; she explained GASB 101 changed the methodology for accrued liability recognition and that "our liability…
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